The Business Development Board of Martin County (BDBMC) received word today that four Martin County companies nominated by the BDBMC are recipients of the 2014 “Top 50 Florida Companies to Watch”. Fifty leading second-stage companies have been selected from more than 500 nominations statewide as this year’s Florida Companies to Watch winners. The 2014 class will join an esteemed group of 150 Florida alumni honored over the past three years.
Florida Companies to Watch is an awards program that celebrates privately-held, second-stage companies headquartered in the state. To be eligible, applicants must employ between 6 and 99 full-time equivalent employees and have between $750,000 and $50 million in annual revenue or working capital in place. Awardees are selected for demonstrating the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage, outstanding corporate culture, inspired community giving and other notable strengths.
"Florida Companies to Watch is honored to recognize another outstanding group of stage-two companies," said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization. "This is our fourth year of celebrating second-stage business leaders throughout the state of Florida. The companies selected for the Florida Companies to Watch awards program stand out among their peers as companies that should be celebrated. In Florida, they account for 5 percent of the companies and nearly 30 percent of the jobs. These companies make a difference and we’re happy to offer the recognition they deserve."
"The success of 2nd stage companies is evidence of a strong business community and their commitment to Martin County and the State of Florida." said Tim Dougher, Executive Director, BDBMC.
Winners from our local community include:
PAC Seating Systems: PAC Seating Systems was founded in 2002 by an accomplished core of aircraft seating professionals with over 150 years of combined industry experience. PAC is the only custom manufacturer in the world focused on Private and VIP Business Jet seating products. The company offers an extensive and diversified line of products including divans, track and swivel seats, bed frames and jump seats, with innovative product features including custom back shells, keyhole seat pan locking system and quick release seat track fasteners.
UCT Coatings: UCT helps its customers’ metal parts achieve unprecedented levels of performance and quality. UCT provides value to customers through a variety of means: An exclusive EXO nickel-boron coating, a range of conventional plating products, surface pretreatment expertise, collaborative application development, world-class standards of statistical process controls and engineering and metallurgical services.
Level 3 Inspection: The world leaders in White Light Scanning and Computer Aided Inspection for precision manufactured products and tooling was founded in 2008. Having a diverse background in the aerospace industry gives Level 3 an unrivaled understanding of the requirements and challenges of inspecting gas turbine components, as well as other complex precision manufactured products. The staff is rich with OEM, after-market and supply chain expertise in drafting, design, manufacturing, advanced metrology, quality and metallurgy as related to gas turbine components as well as other high precision manufactured products.
Lenco Marine Inc: Lenco Marine is the true industry leader in the marine and boating world – manufacturing not only trim tabs but also electric actuators, hatch lifts, switches and the all new Auto Glide boat leveling system. Having expertise in electric technology Lenco Marine engineers and manufactures all of its products to make your boating fun, safe and trouble-free since 1986.
Florida Companies to Watch is unique because of its focus on second-stage companies and the wide-ranging industries they represent. The impact of these companies on Florida’s economy is immense, and this year’s honorees are examples of such companies in the state. Overall, the 2014 winners had $370 million in total annual revenue in 2013, which was a 36 percent increase in total annual revenue compared to 2012. They employed 1,757 full-time equivalent employees, with 462 net new jobs projected for 2014.